He told NYT when discussing how foreign nations help us:
How is it helping us? How has it helped us? We have massive trade deficits. I could see that, if instead of having a trade deficit worldwide of $800 billion, we had a trade positive of $100 billion, $200 billion, $800 billion. So how has it helped us?...
We have billions of dollars of trade deficits with Mexico.Murray Rothbard on the trade deficit: